Swiss National Bank Buys 31,500 Shares of Rubrik, Inc. $RBRK

Key Points

• Swiss National Bank increased its holdings in Rubrik, Inc. by 24.5% in the first quarter, owning approximately 0.08% of the company valued at nearly $9.75 million.
• Analysts are optimistic about Rubrik's stock, with multiple firms raising their target prices, resulting in a current consensus rating of "Moderate Buy" and a target price of $100.38.
• Rubrik recently reported a quarterly earnings beat with a revenue increase of 48.7% year-over-year, posting $278.48 million compared to estimates of $260.39 million.

Swiss National Bank raised its position in Rubrik, Inc. (NYSE:RBRK - Free Report) by 24.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,900 shares of the company's stock after purchasing an additional 31,500 shares during the quarter. Swiss National Bank owned 0.08% of Rubrik worth $9,751,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Rubrik in the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. bought a new position in shares of Rubrik during the first quarter worth about $30,000. KBC Group NV raised its position in shares of Rubrik by 24.6% during the first quarter. KBC Group NV now owns 3,337 shares of the company's stock worth $203,000 after acquiring an additional 658 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Rubrik during the fourth quarter worth about $47,000. Finally, Quarry LP bought a new position in shares of Rubrik during the fourth quarter worth about $48,000. 49.54% of the stock is currently owned by institutional investors.

Insider Transactions at Rubrik

In other Rubrik news, Director John Wendell Thompson sold 9,009 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $87.29, for a total value of $786,395.61. Following the completion of the sale, the director owned 998 shares of the company's stock, valued at approximately $87,115.42. This trade represents a 90.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kiran Kumar Choudary sold 3,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $88.37, for a total value of $309,295.00. Following the completion of the sale, the chief financial officer directly owned 518,595 shares of the company's stock, valued at $45,828,240.15. This trade represents a 0.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,045,047 shares of company stock valued at $95,962,744. Company insiders own 32.38% of the company's stock.

Rubrik Trading Up 1.0%

NYSE RBRK traded up $0.8160 during trading hours on Thursday, hitting $85.9160. 225,982 shares of the company's stock were exchanged, compared to its average volume of 2,992,015. The stock has a 50-day simple moving average of $87.98 and a 200 day simple moving average of $77.89. Rubrik, Inc. has a 1-year low of $29.18 and a 1-year high of $103.00. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of -30.44 and a beta of 0.45.

Rubrik (NYSE:RBRK - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.17. The business had revenue of $278.48 million for the quarter, compared to analyst estimates of $260.39 million. During the same period in the prior year, the business earned ($1.58) EPS. The company's revenue for the quarter was up 48.7% on a year-over-year basis. Rubrik has set its FY 2026 guidance at -1.020--0.960 EPS. Q2 2026 guidance at -0.350--0.330 EPS. On average, sell-side analysts anticipate that Rubrik, Inc. will post -7.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RBRK shares. Rosenblatt Securities raised their price objective on Rubrik from $82.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, June 6th. Wells Fargo & Company raised their price objective on Rubrik from $80.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, June 6th. Oppenheimer restated a "market perform" rating on shares of Rubrik in a research report on Friday, June 6th. Robert W. Baird raised their price objective on Rubrik from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Finally, Mizuho downgraded Rubrik from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from $75.00 to $86.00 in a research report on Thursday, May 15th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $100.38.

About Rubrik

Rubrik, Inc provides data security solutions to individuals and businesses worldwide. The company offers enterprise data protection, unstructured data protection, cloud data protection, and SaaS data protection solutions; data threat analytics; data security posture; and cyber recovery solutions. It serves financial, retail, trade, transportation, energy, industrial, healthcare and life science, education, technology, media, communications, and public sectors.